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Last updated on April 17, 2014 at 21:23 EDT

Latest Apollo Endosurgery Inc. Stories

2013-12-17 08:30:08

ALEXANDRIA, Va., Dec. 17, 2013 /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced a $50 million round of debt financing for Apollo Endosurgery, Inc. ("Apollo"). Oxford served as the lead lender, joined by MidCap Financial, LLC and East West Bancorp. Proceeds of the term loan are being used to acquire the obesity intervention division of Allergan, Inc. and for working capital....

2013-12-02 20:22:05

AUSTIN, Texas, Dec. 2, 2013 /PRNewswire/ -- Apollo Endosurgery, Inc., a leading developer of medical devices for endoscopic surgical procedures, today announced the completion of the acquisition of the obesity intervention division of Allergan, Inc., which manufactures and sells weight loss solutions comprised of the LAP-BAND® adjustable gastric banding system and the ORBERA(TM) intra-gastric balloon system. "With worldwide obesity numbers reaching epidemic levels, the acquisition...

2013-10-29 08:34:24

Leading weight-loss medical devices and access to global sales channel to fuel growth AUSTIN, Texas, Oct. 29, 2013 /PRNewswire/ -- Apollo Endosurgery, Inc., a leading developer of medical devices and endoscopic surgical procedures, today announced that it has entered into a definitive agreement to purchase the obesity intervention division of Allergan, Inc. for up to $110 million. The total includes an upfront cash payment of $75 million, minority equity interest of $15 million, and...

2011-06-07 09:21:00

AUSTIN, Texas, June 7, 2011 /PRNewswire/ -- Apollo Endosurgery, Inc., a leading company in the emerging field of flexible surgery, announced today the appointment of Michael J. Doty as Chief Financial Officer (CFO). Doty most recently served as CFO for Tornier BV, and prepared the company for one of the most successful medical device IPOs in the past few years. Doty formerly served as CFO of Inamed Corporation, a leading provider of devices for bariatric surgery and aesthetic medicine. "I...

2011-01-11 09:03:00

AUSTIN, Texas, Jan. 11, 2011 /PRNewswire/ -- Apollo Endosurgery, Inc. announced preliminary results from their GEMINI suturing registry. These results confirm the procedure enabling capability of their newly-launched OverStitch(TM) Endoscopic Suturing System in a variety of clinical cases in the esophagus, stomach and colon. A unique device that mimics the way physicians deploy sutures by hand, the OverStitch system enables full-thickness endoscopic suturing on a flexible platform --...

2010-10-28 14:37:00

AUSTIN, Texas, Oct. 28 /PRNewswire/ -- Apollo Endosurgery, Inc. announced that their newly-launched OverStitch(TM) Endoscopic Suturing System has recently been employed in several, first-in-human cases. OverStitch Endoscopic Suturing System is a unique device that mimics the way physicians deploy sutures by hand. It provides full-thickness endoscopic suturing on a flexible platform, delivering surgical standard of care through the flexible endoscope. OverStitch was first used by Dr....

2010-10-11 12:16:00

AUSTIN, Texas, Oct. 11 /PRNewswire/ -- Apollo Endosurgery, Inc. announced completion of the first clinical case involving its FlexShears(TM) Endoscopic Scissors. The new device was used to cut and remove an obstructing eroded suture from the patient's GI tract in a procedure that embodies the Apollo vision of improving patient care with flexible surgery. The subject of the case had undergone a Roux-en-Y gastric bypass surgery in 2001, and subsequently had suffered from protracted...

2010-06-22 12:53:00

AUSTIN, Texas, June 22 /PRNewswire/ -- Apollo Endosurgery announced today that the Company received notice of a $5 million award from the State of Texas through the Cancer Prevention and Research Institute of Texas ("CPRIT"). Apollo was one of only three companies recommended for the inaugural commercialization awards. CPRIT was established to expedite innovation and commercialization in the area of cancer research and to enhance access to evidence-based prevention programs and services...

2010-05-04 17:36:00

AUSTIN, Texas, May 4 /PRNewswire/ -- Apollo Endosurgery, Inc. has just concluded a successful participation at the 12th World Congress of Endoscopic Surgery (hosted by SAGES and CAGS). This was the company's first booth exhibit and they previewed two new products: The OverStitch(TM) Endoscopic Suturing System and the FlexShears(TM) Endoscopic Scissors. "We were extremely pleased with the outstanding reception that our products received, as well as the positive feedback and interest that...